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U.S. stocks fall on Malaysian plane downing

CCTV.com

07-18-2014 17:00 BJT

Full coverage: Malaysian Airliner Crashes in Ukraine

American stocks fell sharply lower on Thursday on the news that a Malaysian Airlines passenger jet was shot down near the Ukraine-Russia border.

The Dow Jones industrial average lost 0.94% while the S&P 500 dropped 1.18%, its biggest one-day percentage fall since April 10th. Investors sold stocks in a move to avoid risk and poured more money into safe-haven investments such as gold and U.S. government bonds.

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